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Harleysville Group Stock Hits New 52-Week High (HGIC)

Harleysville Group (Nasdaq:HGIC) hit a new 52-week high Friday as it is currently trading at $58.98, above its previous 52-week high of $58.96 with 697,941 shares traded as of 1:48 p.m. ET. Average volume has been 64,900 shares over the past 30 days.

NEW YORK ( TheStreet) -- Harleysville Group (Nasdaq: HGIC) hit a new 52-week high Friday as it is currently trading at $58.98, above its previous 52-week high of $58.96 with 697,941 shares traded as of 1:48 p.m. ET. Average volume has been 64,900 shares over the past 30 days.

Harleysville Group has a market cap of $856.2 million and is part of the financial sector and insurance industry. Shares are up 60.5% year to date as of the close of trading on Thursday.

Harleysville Group Inc., through its subsidiaries, engages in the property and casualty insurance business primarily in the eastern and midwestern United States. The company has a P/E ratio of 17.8, equal to the average insurance industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Harleysville Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Harleysville Group Ratings Report.

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Harleysville Group (Nasdaq:HGIC) hit a new 52-week high Friday as it is currently trading at $59.80, above its previous 52-week high of $59.76 with 90,687 shares traded as of 3:30 p.m. ET. Average volume has been 60,900 shares over the past 30 days.

Harleysville Group (Nasdaq:HGIC) is trading at unusually high volume Wednesday with 1.9 million shares changing hands. It is currently at 8.6 times its average daily volume and trading down $1.50 (-2.5%).